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GLOBAL NATURAL ANNOUNCES GULF DISCOVERY

 HOUSTON, Dec. 2 /PRNewswire/ -- Global Natural Resources Inc. (NYSE: GNR) today announced a gas discovery offshore Texas on High Island Block 23-L. The HI 23-L No. 1 flowed on test at a combined rate of approximately 19 million cubic feet of natural gas and 400 barrels of condensate per day from three zones at depths from 12,440 to 13,100 feet. In addition, there are 45 net feet of indicated gas pay behind pipe at approximately 9,400 feet, which were not tested and 18 feet at approximately 11,200.
 The company, as operator, will immediately drill a separate prospect on this block, and then drill an offset well to the No. 1. Global's working interest is 50 percent and of the remainder 20 percent is owned by Hall-Houston Oil Company, 20 percent by Apache Corporation and 10 percent by Edisto Exploration & Production Company.
 Global Natural Resources is engaged in worldwide oil and gas exploration and production and in natural gas gathering, processing and marketing. The company has operations and interests in North America, Tatarstan - Russia, Indonesia, Malaysia, and the Ivory Coast.
 -0- 12/2/93
 /CONTACT: Robert F. Vagt or William D. Hubbard, 713-880-5464, both of Global Natural Resources Inc./
 (GNR)


CO: Global Natural Resources, Inc. ST: Texas IN: OIL SU: DSC

LG -- NY026 -- 9660 12/02/93 09:17 EST
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Publication:PR Newswire
Date:Dec 2, 1993
Words:223
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